BigBasket to invest Rs 50 crore in B2B food services biz

Wednesday, April 12, 2017, 10:15 PM

Online grocery store Bigbasket said it plans to invest Rs 50 crore over the next 12 months to scale up revenues coming from hotels and restaurants segment. The company, which started supplying grocery to hotels, restaurants and caterers (HoReCa) segment from June last year, aims to clock a revenue run rate of Rs 500 crore from the segment by March 2018.